Tag: protect

Rishi Sunak: New ways to protect jobs ‘my priority’

Media playback is unsupported on your device Media captionChancellor Rishi Sunak told the BBC that people ‘want to be in work’ rather than on furlough The chancellor has said looking for new ways to protect jobs is his “number one priority” after the unemployment rate hit its highest level in two years. Rishi Sunak said finding innovative solutions was “top… Read more →

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Coronavirus: ‘Chancellor must protect’ jobs of those shielding

Image copyright Getty Images Charities are calling on the chancellor to protect the jobs of workers who have been shielding during the pandemic. A total of 15 charities have warned in an open letter that workers will be forced to choose between health and their jobs, when restrictions ease. “Some of these workers will find themselves in an impossible position,”… Read more →

Federal Reserve warns of continuing need to protect US economy

Image copyright Getty Images Image caption Federal Reserve Chairman Jerome Powell holding a media conference to explain the Fed’s strategy. The US central bank has repeated its vow to protect the US economy amid rising coronavirus rates and worries about growth. The Federal Reserve kept interest rates on hold at near zero on Wednesday, saying it would keep them there… Read more →

Coronavirus: Chancellor Rishi Sunak sorry for not being able to protect all jobs

The chancellor has said he is “sorry” for not helping “everyone in exactly the way they would have wanted”. Rishi Sunak said the government was “throwing everything” at stemming job losses with a £30bn stimulus package. But he told the BBC he will not be able to protect “every single job” as the UK enters a “severe recession”. He also… Read more →

Coronavirus: New rules to protect British firms amid virus

Image copyright Getty Images The government will introduce new measures on Monday to protect businesses critical to public health from foreign takeovers. Changes to legislation would give ministers extra powers to protect those needed to help in future pandemics, who might be struggling now. The new powers will cover firms such as pharmaceutical companies. Business Secretary Alok Sharma said: “The… Read more →

Coronavirus: Working group set up to protect jobs at Renfrewshire Rolls-Royce plant

Image copyright Reuters Image caption Rolls-Royce warned it could cut 700 jobs from its Renfrewshire plant based on the reduced workload The Scottish government has announced a working group will be set up with the aim of protecting jobs at a beleaguered Rolls-Royce plant. The firm said in recent weeks that 700 jobs were at risk in Renfrewshire following the… Read more →